Lending finance figures released by the ABS today show business confidence is soaring under the Liberal Government.
Overall, the value of lending finance commitments in the 12 months to September 2014 was $5.01 billion – an increase of 25.2 per cent in just one year.
In the same time, the value of commercial lending commitments rose by 35.1 per cent to be worth about $3.63 billion.
This shows the business sector once again has the confidence to borrow money and stimulate economic growth and stands in stark contrast to Labor and the Greens, where commercial loans declined between August 2010 and August 2013.
This is the latest in a string of positive economic indicators for the Government. Tasmania’s business confidence is the highest in the nation, retail trade is at record levels and the unemployment line is the shortest it’s been in 18 months, while today it’s been announced 1,100 new jobs are being created in Tasmania by Woolworths and Telstra.
While it’s still early days and there is a lot of work to be done, these figures show our long-term Plan for Tasmania is working and the economy is recovering under the Liberal Government
Peter Gutwein, Treasurer
